Corporate Governance Country Assessment : Azerbaijan

Corporate Governance Country Assessment : Azerbaijan

This report assesses Azerbaijan's corporate governance framework-its laws and regulations, enforcement and common business practices. The report notes recent improvements in corporate governance regulation, makes recommendations of policy and...

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Bibliographic Details
Main Author:	World Bank
Format:	Corporate Governance Assessment (ROSC)
Language:	English en_US
Published:	Washington, DC 2014
Subjects:	ACCOUNTANT ACCOUNTING ACCOUNTING RULES ACCOUNTING STANDARDS AUCTION AUDIT COMMITTEE AUDIT STANDARD AUDIT STANDARDS BAILIFF BALANCE SHEET BANK MANAGEMENT BANK REGULATION BANKING SECTOR BANKING SECTORS BANKRUPTCY BANKRUPTCY PROCEDURES BENEFICIARIES BENEFICIARY BID BONDS BOOK VALUE BROKER BROKERAGE BROKERS BUSINESS OPPORTUNITIES BUSINESS OPPORTUNITY BUSINESS PRACTICES BUY BACK CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS CAPITAL STRUCTURES CENTRAL DEPOSITORY CIVIL CODE CIVIL LAW CLASS ACTION COLLATERAL COLLECTION PROCEDURES COMMERCIAL BANKS COMMERCIAL REGISTRIES COMMERCIAL REGISTRY COMMON SHARES COMPANY INFORMATION CONFLICT OF INTEREST CONFLICTS OF INTEREST CONSUMER PROTECTION CONTROLLING SHAREHOLDERS CORPORATE CHARTERS CORPORATE GOVERNANCE CORPORATE GOVERNANCE FRAMEWORK CORPORATE GOVERNANCE FRAMEWORKS CORPORATE GOVERNANCE REFORM CORPORATE GOVERNANCE REFORMS CORPORATE GOVERNANCE STANDARDS CORPORATE INFORMATION CORPORATE SOCIAL RESPONSIBILITY COST OF CAPITAL CREDIT INFORMATION CREDITOR CREDITOR RIGHTS CREDITORS DEBT DEBT COLLECTION DEBTOR DEBTORS DEPOSITORY SERVICES DERIVATIVE DISCLOSURE REQUIREMENTS DIVIDEND DIVIDEND PAYMENTS DIVIDENDS ECONOMIC DEVELOPMENT ECONOMIC PERFORMANCE EFFICIENT MARKETS EMERGING MARKET EMERGING MARKET COUNTRIES EQUITY INVESTMENT EQUITY MARKET EQUITY MARKETS EXCHANGE MARKET FINANCIAL COMPANIES FINANCIAL CRISES FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL SECTOR FINANCIAL STATEMENTS FOREIGN INSTITUTIONAL INVESTORS FOREIGN INVESTMENT FOREIGN INVESTOR FOREIGN INVESTORS FOREIGN OWNERSHIP GOOD CORPORATE GOVERNANCE GOVERNANCE ISSUES GOVERNANCE PRACTICES GOVERNANCE REGULATION GOVERNANCE REGULATIONS GOVERNANCE STANDARDS HOLDINGS INCOME INFORMATION TECHNOLOGY INSIDER TRADING INSTITUTION BUILDING INSTITUTIONAL CAPACITY INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INTERNAL AUDIT INTERNAL CONTROL INTERNATIONAL BANK INTERNATIONAL STANDARDS INVESTMENT FUNDS INVESTOR CONFIDENCE INVESTOR INTEREST INVESTOR PROTECTION ISSUANCE JOINT-STOCK COMPANY JURISDICTION LARGE COMPANIES LEGAL FRAMEWORK LEGAL PROVISIONS LEGAL REFORM LEGAL REGIME LEGAL RIGHTS LIMITED LIMITED LIABILITY LIMITED LIABILITY COMPANIES LIQUIDATION LIQUIDATIONS LIQUIDITY LOCAL BUSINESS MARKET CAPITALIZATION MARKET PARTICIPANT MARKET PARTICIPANTS MARKET PRICE MARKET PRICES MARKET SURVEILLANCE MARKET-MAKERS MINIMUM CAPITAL REQUIREMENTS MINORITY SHAREHOLDERS MONETARY FUND MUTUAL FUNDS NATIONAL BANK NATIONAL DEPOSITORY NATIONAL DEPOSITORY SYSTEM NOTARIES NOTARY OPEN JOINT-STOCK COMPANIES OWNERSHIP DATA OWNERSHIP RIGHTS PAYMENT OF DIVIDENDS PENSION PENSION FUNDS PENSIONS PLEDGES PORTFOLIO PORTFOLIO INVESTMENT PREEMPTIVE RIGHTS PRIVATE PENSION PRIVATE REGISTRIES PRIVATE REGISTRY PRIVATIZATION PROPERTY RIGHTS PROPORTIONAL REPRESENTATION PROTECTION OF INVESTOR PUBLIC POLICY REAL ESTATE REGULATOR REGULATORS REGULATORY FRAMEWORK REGULATORY REGIME REGULATORY REQUIREMENTS RETIREMENT SAVINGS RETURN RIGHTS OF SHAREHOLDERS RISK FACTORS RULE OF LAW SECURITIES SECURITIES ISSUERS SECURITIES ISSUES SECURITIES MARKET SECURITIES MARKET DEVELOPMENT SECURITIES MARKETS SECURITIES REGULATOR SECURITY MARKET SETTLEMENT SETTLEMENT SERVICES SHARE DIVIDEND SHARE OWNERSHIP SHARE TRADING SHAREHOLDER SHAREHOLDER MEETINGS SHAREHOLDER RIGHTS SHAREHOLDERS STAKEHOLDERS STOCK EXCHANGE STOCK EXCHANGES STOCK MARKET STOCK OPTION STRATEGIC INVESTORS SUPERVISORY BOARD SUPERVISORY BOARDS TAX TECHNICAL ASSISTANCE TRADE INFORMATION TRADE UNIONS TRADES TRADING TRANSACTION TRANSACTION COSTS TRANSITION COUNTRIES TRANSPARENCY TREASURY WEAK CORPORATE GOVERNANCE WITHDRAWAL
Online Access:	http://documents.worldbank.org/curated/en/2005/07/20220671/azerbaijan-report-observance-standards-codes-rosc-corporate-governance-country-assessment http://hdl.handle.net/10986/20450

Description
Summary:	This report assesses Azerbaijan's corporate governance framework-its laws and regulations, enforcement and common business practices. The report notes recent improvements in corporate governance regulation, makes recommendations of policy and institutional strengthening, and provides a benchmark against which to measure corporate governance in Azerbaijan. Note that the report covers only publicly-traded companies, although many of the recommendations may also be applicable to closely-held companies and state-owned enterprises. The report identifies three steps for improvement of corporate governance in Azerbaijan. They are: 1. Institution building, including strengthening of enforcement and independence of the Statistical Common Services; 2. Legal reform, specifically taking stock of recent legal changes and assuring their smooth interaction and functioning; and 3. Focus on several key areas for enforcement: related party transactions; reporting and transparency, including ownership disclosure and annual reporting; supervisory boards and other company governance organs; continued enforcement of bank corporate governance rules; and awareness raising.

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